A general partnership has which of the following?
CD A. Option to declare bankruptcy without penalty.
O
B. An unlimited number of partners.
O
c. Unlimited liability for all partners.
D. Stockholders and a board of directors.

C. Unlimited liability for all partners

Explanation:

A partnership is a business arrangement in which two to twenty ( 2 to 10 for professionals such as lawyers accountants, etc) people come together to join resources together for profit motive.

A general partnership is a type of partnership in which all the partners have unlimited liability.

In a general partnership, all partners share in the asset and liabilities of the firm in the case of Liquidation.

In the event of liquidation, personal assets of the partners can be used in the settlement of the firms debt

answer; /// the above statement is (true);